Business - Page 9

Southwest’s service meltdown cost it $75 million

By Chris Isidore, Southwest Airlines says that its recent service problems, which prompted it to cancel more than 2,000 flights over a four-day period, cost the airline $75 million. That’s just one of the headwinds facing the discount airline. Southwest warned Thursday that it believes revenue will take a $100 million hit this quarter from the lingering effects of the Covid surge caused by the Delta variant — even though bookings have improved recently, especially during the upcoming holiday travel period. About $40 million of that hit is expected to come in October. Still, that’s an improvement from the revenue hit in

3 ways executives hold Black women back at work

Opinion by Denise Hamilton Despite promises from across the corporate world to diversify leadership and give people of all backgrounds equal opportunities, women of color remain stuck with little to no progress in sight. A recent study from McKinsey and LeanIn.org found that while women overall have more high-ranking roles than in previous years, women of color make up just 4% of C-suite executives, a percentage that hasn’t changed for several years. Women of color also continue to deal with discrimination at work, including just as many microaggressions as they did two years ago — all of which contribute to stress and burnout. But

With airline staff at a breaking point, passengers can expect more headaches to come

By Chris Isidore, Gregory Wallace and Pete Muntean, The problems at Southwest Airlines run deeper than the operational meltdown that caused more than 2,000 flight cancellations in recent days. And they’ll continue well after the airline is back on schedule. Although this weekend’s problems were mainly limited to Southwest, it is by no means the only airline struggling to restore staff and flights that were trimmed during the pandemic. Fixing these problems will be expensive and time-consuming — and are likely to cause further pain for passengers returning to the skies. Southwest said a number of issues caused the weekend cancellations, including

Four takeaways from Facebook whistleblower’s complaints

By Tara Subramaniam, Facebook’s week is off to a tumultuous start. On Monday, Facebook, WhatsApp and Instagram went down for about six hours. On Tuesday, Frances Haugen, the Facebook whistleblower, testified before a Senate subcommittee, following the release of thousands of pages of internal research and documents. Haugen, the 37-year-old former Facebook (FB) product manager who worked on civic integrity issues at the company, revealed her identity during a “60 Minutes” segment that aired Sunday night. She has reportedly filed at least eight whistleblower complaints with the Securities and Exchange Commission alleging that the company is hiding research about its shortcomings from investors and the public.

After a bad day, Facebook suffers major outage

By Clare Duffy and Sean Lyngaas, Around six hours after Facebook, WhatsApp and Instagram went down, service started coming back online, though coverage was still spotty. Facebook, Instagram and WhatsApp all suffered outages midday Monday, according to public statements from the three Facebook services. Outage tracking site Down Detector logged tens of thousands of reports for each of the services. Facebook’s own site would not load at all; Instagram and WhatsApp were accessible, but could not load new content or send messages. The outage came amid mounting difficulties for the company. At a Senate hearing on Sept. 30, Sen. Richard Blumenthal pressed Facebook global

Why October 19 could be a catastrophic day for the US economy

By Matt Egan, The United States could be just weeks away from defaulting on its debt for the first time ever. The $28.4 trillion debt limit was reinstated August 1. Since then, Treasury Secretary Janet Yellen has been keeping the nation’s finances afloat by using emergency accounting maneuvers. Known as “extraordinary measures,” these steps allow the government to borrow additional funds without breaching the debt ceiling. But Yellen warned lawmakers this week that if Congress fails to raise, or suspend, the debt ceiling, the federal government will exhaust those extraordinary measures by October 18. “At that point, we expect Treasury would be left with

Howard University School of Business Ranked No. 23 Best Business School by Bloomberg Businessweek

/

Written by Misha Cornelius The Howard University School of Business received its highest rankings yet on Bloomberg Businessweek’s list of best business schools. The 2021-22 list published in September ranked Howard University’s Master of Business Administration (MBA) program the No. 23 top business school in the U.S. The school also received the No. 3 ranking on the list’s new diversity index. “It is an honor to be recognized and consistently ranked among the top business schools by Bloomberg Businessweek,” said Howard University School of Business Dean Anthony Wilbon, Ph.D. “This year, we received our highest ranking yet, and it is a reflection of the hard work

Kamala Harris’ office frustrated with ‘The View’ after last week’s Covid fiasco, sources say

/

By Oliver Darcy, The office of Vice President Kamala Harris is vexed with “The View” after the false Covid-19 positive tests revealed just before Harris was to appear on the show last week sent the program into chaos, people familiar with the matter told CNN on Tuesday. One of the people explained that Harris’ office required the hosts of “The View” to take a PCR test within 24 hours of the interview. That person said that a representative of the ABC talk show suggested the night before Harris’ appearance that the tests had come back negative. Harris and her staff didn’t learn

More than 25% of Walmart’s corporate officers are people of color, new report shows

By Chauncey Alcorn, People of color made up more than 55% of new hires at Walmart between February and July of this year and now occupy more than 25% of the retailer’s officer positions, according to the company’s website and its latest diversity, equity and inclusion report released Friday. That includes at least two African-American officers who joined the company this summer, the company confirmed on Saturday. Chief medical officer Dr. John Wigneswaran in July became one of the latest Black senior or executive level manager to be hired by Walmart. In June, Walmart also hired Capitol One Canada president Jennifer R. Jackson who

New Research From Karat and Howard University Sheds Light on Access Challenges Facing Black Software Engineers

/

By Howard Newsroom Staff WASHINGTON –  Researchers from Howard University and Karat, the world’s leader in technical interviewing, today released new research exploring key factors that can help more Black software engineers enter the tech industry and excel in their careers. According to the U.S. Bureau of Labor Statistics, Black engineers comprised just 6 percent of all computer programmers in the U.S. in 2020, and this research shines a light on the challenges and opportunities that exist to improve representation. The Interview Access Gap for Black Engineers identifies a number of socioeconomic and systemic barriers young Black talent face to get jobs in tech. The

1 … 7 8 9 10 11 … 24

Covering HBCUs and the African American Community

Quick Link

Home
About Us
Sports
Entertainment

Gallery

© 2024 HBCU News Corporation – ALL RIGHTS RESERVED.